Banknorth Announces Change in Time for Fourth Quarter 2004 Earnings Conference Call.

PORTLAND, Maine -- Banknorth Group, Inc. (NYSE:BNK) will release its 2004 fourth quarter earnings after the market closes on Wednesday, January 19, 2005 and will hold its quarterly earnings conference call on Thursday, January 20, 2005 at 9:00 a.m. Eastern Time.

The dial-in number for the call in the USA and Canada is 800-638-5439 and the international dial-in number is 617-614-3945. The passcode for the earnings conference call is 47614076. The conference call is also being webcast by CCBN and can be accessed at Banknorth's website at www.banknorth.com/investorrelations.

The web cast is also being distributed over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at www.fulldisclosure.com or by visiting any of the investor sites in CCBN's Individual Investor Network. Institutional Investors can access the call via CCBN's password-protected event management site, Street Events (www.streetevents.com).

A replay of the conference call will be available shortly after the call's completion until February 19, 2005. The replay dial-in number in the USA and Canada is 888-286-8010 and the international replay dial-in number is 617-801-6888. The replay passcode is 75674933. A web cast replay will also be available at Banknorth's website.

At September 30, 2004, Banknorth Group, Inc. headquartered in Portland, Maine had $29.0 billion in assets. Banknorth's banking subsidiary, Banknorth, N.A., operates banking divisions in Connecticut (Banknorth Connecticut); Maine (Peoples Heritage Bank); Massachusetts (Banknorth Massachusetts); New Hampshire (Bank of New Hampshire); New York (Evergreen Bank); and Vermont (Banknorth Vermont). The Company and Banknorth, N.A. also operate subsidiaries and divisions in insurance, money management, merchant services, mortgage banking, government banking and other financial services and offer investment products in association with PrimeVest Financial Services, Inc. The Company's website is at www.banknorth.com.

On August 26, 2004, Banknorth Group, Inc. and TD Bank Financial Group (NYSE and TSE: TD) announced that they entered into a definitive agreement for TD to acquire 51% of the outstanding shares of Banknorth, subject to receipt of required regulatory and shareholder approvals and other customary conditions.